Super Bowl LVII is right around the corner and the betting has already begun. One of the most popular big game prop bets is the toss of a coin. According to BetMGM, 59% of the money placed by the public so far is tails.
59 percent of public money backs tails on a coin toss
59 percent of the money wagered on the Super Bowl coin toss is backing tails according to figures released by BetMGM. NFL bettors seem to believe strongly in the motto “queues never fail.”
Super Bowl Coin Toss (@BetMGM):
59% of the money is in Tails (-105).
Tails never fails?
— John Ewing ???? (@johnewing) January 31, 2023
This trend is interesting, given the last ten Super Bowl results for the coin toss:
2013 – Super Bowl 47 heads 2014 – Super Bowl 48 crosses 2015 – Super Bowl 49 crosses 2016 – Super Bowl 50 crosses 2017 – Super Bowl 51 crosses 2018 – Super Bowl 52 crosses 2019 – Super Bowl 53 crosses 2020 – Super Bowl 54 crosses 2021 – Super Bowl 55 heads 2022 – Super Bowl 56 heads
Six of the last ten coin tosses have come up tails. However, the last two have fallen on heads, which could mean that the public thinks that it should be crossed. This is generally known as the gambler’s fallacy, where the belief is that if something has happened more often than it should in the past, it is less likely to happen in the future.
In reality, the odds on each individual coin toss are 50-50, and that doesn’t change regardless of the size of the occasion. The outcome of the coin toss is based purely on chance and cannot be predicted. However, many people believe that past results can influence the outcome. This belief leads to the trend of more people betting tails on Super Bowl LVII.
If we were believers in giving up some juice, this would be the perfect time to swoon the crowd!
Regardless of the outcome, the coin toss is just one of many exciting Super Bowl moments. It sets the tone for the rest of the game and gets the crowd excited. Whether it’s heads or tails, fans are sure to have a great time at Super Bowl LVII.
